Mumbai-headquartered law firm Anagram Partners has advised Multiples Alternate Asset Management on its $200 million acquisition of a controlling stake in QBurst, a digital product engineering platform represented by Shardul Amarchand Mangaldas & Co.
This transaction marks Multiples’ largest control investment in technology services.
The global private equity group acquired a significant minority stake in Shubham Housing Development Finance for $118 million late last year, on which Khaitan & Co and Trilegal received mandates.
Earlier in the year, Cyril Amarchand Mangaldas advised Multiples on its investment in Aditya Birla Group’s microfinance non-banking financial company, Svatantra Microfin.
Founded in 2004, QBurst is a global leader in digital solutions, boasting a strong presence across North America, Japan, the Middle East, Europe and India. The company offers a range of services, including digital product development, enterprise digitalisation, data analytics, cloud services, AI, generative AI services, automation, DevOps, and digital marketing enablement.
The Anagram team was led by partner Palaq Vora, supported by senior associates Sanskriti Singh and Vidisha Ambade, and associates Rajni Tolani, Saachi Pilinja, Soumyodeep Halder, Deepali Bhandari and Rozel Arora.
SAM’s transaction team was led by regional M&A and private equity practice head Raghubir Menon and partner Danish Kazi, and included principal associate Garima Tyagi, senior associates Rounak Agarwal and Neha Pilay, and associates Devangana Mandal and Rajat Sinha.
Partners Zubin Mehta and Mohit Bhatia (banking), Aman Singh Sethi (competition), Pooja Ramchandani and Kriti Kaushik (employment), Lalan Gupta (disputes), Gouri Puri (tax), Abhishek Parekh (funds), and Nikhil Naredi and Yogesh Chande (capital markets) also assisted on the deal.
